Want to give your portfolio a lift with some quality ASX growth shares? Then look no further!
Listed below are a couple of ASX shares that have been named as buys and are tipped to grow strongly over the coming years.
Here's what analysts are saying about them:
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Corporate Travel Management Ltd (ASX: CTD)
The first ASX growth share to consider buying is Corporate Travel Management.
As you might have guessed from its name, it is focused on the corporate travel market. However, it is more than just a travel booker, it offers the increasingly popular SMART technology that is helping it become a real force in this global market.
It is partly because of the latter that Morgans is so bullish on the company's outlook. It notes that it "has continued to develop its market leading technology offering which means that it will require less staff in the future."
As a result, Corporate Travel Management "remains as a key pick for the travel sector" for the broker. So much so, it has an add rating and a lofty $23.20 price target.
Goodman Group (ASX: GMG)
While you don't often think of property companies as growth shares, Goodman Group is a very different beast.
It is a leading integrated commercial and industrial property company. And thanks to its strategy of developing these properties in strategic locations close to large urban populations and in and around major gateway cities globally, it has been growing its earnings at an enviable rate over the last decade.
Pleasingly, analysts at Citi are positive on the company's future and expect more of the same in the coming years even in this tough environment. They "see good value at ~19x FY24 PE with >12% EPS CAGR over FY24-FY26."
The broker currently has a buy rating and a $24.50 price target on Goodman's shares.
